Sunday, September 19, 2010

Rawnoc questions naysayer's "piss poor" DD & applauds CEO's silence


I would tell that person that he's doing piss poor DD since the only links I can find about hydrocarbon plastic was clean sorted clear bottles and stuff.

Further DD does agree with Mr. Bordynuik's contention as I gave you a mere sample of it here:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54333499

90% of my DD by the way never makes it to the boards. I do too much of it, and I'm lazy about typing it out.

The only point you've made on this topic is that everything hasn't been absolutely proven beyond a shadow of a doubt by John himself with documents. My answer is -- who cares? I don't consider being forced to take the time and do my own DD a bad thing. On stocks where there is no need to do my own DD because everything is already picture perfect in front of me -- the stock price is already way overvalued. I invest in companies all the time that NEVER even issue a press release, never mind haven't proved every little step of the way in press releases.

The environmental toll of plastics

http://www.environmentalhealthnews.org/ehs/news/dangers-of-plastic

Tidbits of particular interest from that link:

"Next year, more than 300 million tons will be produced worldwide."
"Plastic debris, laced with chemicals and often ingested by marine animals, can injure or poison wildlife."
"Floating plastic waste, which can survive for thousands of years in water, serves as mini transportation devices for invasive species, disrupting habitats.
"Plastic is so resilient that even burying it deep within the earth doesn’t keep it from impacting the environment. Currently it accounts for approximately 10 percent of generated waste, most of which is landfilled. But, as the report notes, placing plastics in a landfill may simply be storing a problem for the future, as plastic’s chemicals often sink into nearby land, contaminating groundwater."
"plastics grow in volume at a rate of about nine percent each year"

My point? The green groups are going to love JBII and so will the politicians -- grants and loans will be plentiful. There's already a bill in the works with Congress to give 60 cents per gallon of P2O produced. If JBII makes 106 barrels of fuel per processor per day, that's a $974,988 check per processor from Uncle Sam.

You take John's silence over the last 6 months (no P2O PRs until Friday for 6 months) as a sign of hiding something. I do my own DD and conclude otherwise. I take his silence as a shift to under-promising and over-delivering. The filings, the conference call, and the latest PR all point to that very fact -- he's reporting what's already a historical fact or in the extreme near term so it's as good as fact. And I absolutely love it.

And so will the market.

Raw

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